(Business in Cameroon) - At the end of June this year, Cameroon’s debt servicing amounted to CFA301.1 billion, showing an improvement by CFA135.7 billion (+82%) from the CFA165.5 billion in H1 2017. This is outlined in a budget implementation memo recently issued by the Finance Ministry (Minfi). The figure is 57.1% the CFA527.5 billion expected.

In detail, the actual external public debt servicing stood at CFA170.8 billion over the period under review against CFA88.9 billion in H1 2017, an increase by CFA81.9 billion (+92.1%). The achievement rate is nearly 100% and there is no accumulation of external debt arrears.

Domestic debt-related payments grew by CFA53.8 billion (+70.3%) from CFA76.5 billion in late June 2017 to CFA130.2 billion over the period, thanks to the clearing of domestic arrears. Nevertheless, the country only met 36.5% of domestic debt-related payments’ expectation (CFA356.5 billion).

Sylvain Andzongo